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Nonprofiteer
← SANDOVAL ECONOMIC ALLIANCE INC

Form 990 for tax year 2022

Filed by SANDOVAL ECONOMIC ALLIANCE INC.

Totals

Total revenue
$418,660
Total expenses
$12,722
Contributions and grants received
$212,163
Grants paid
$0
Program service revenue
$206,465
Investment income
$32
Other revenue
$0
Total assets, end of year
$362,288
Total liabilities, end of year
$175,591
Net assets or fund balances, end of year
$186,697
Program services expenses (Part IX)
$12,713
Management and general expenses
$7
Fundraising expenses
$2
Program service expenses (Part III)
$12,713

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $49,120

  • 1f · All other contributions, gifts and grants

    $163,043

  • 1g · Noncash contributions included above

    $9,878

  • 2a · Program service revenue: FEE FOR SERVICE

    total $206,465 · related or exempt $206,465

  • 3 · Investment income

    total $32 · related or exempt $32

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $6 · program services $1 · management and general $3 · fundraising $2

  • 22 · Depreciation, depletion and amortization

    total $12,705 · program services $12,705

  • 24a · Other expenses: EQUIPMENT

    total $1 · program services $1

  • 24b · Other expenses: OTHER MISC EXP

    total $1 · program services $1

  • 24c · Other expenses: TELEPHONE

    total $1 · program services $1

  • 24e · All other expenses

    total $8 · program services $4 · management and general $4

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $176,736 · end of year $178,277

  • 2 · Savings and temporary cash investments

    beginning of year $116,821 · end of year $116,851

  • 3 · Pledges and grants receivable

    beginning of year $44,460

  • 4 · Accounts receivable

    beginning of year $13,833 · end of year $4,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,773 · end of year $43,691

  • 10a · Land, buildings and equipment: cost or other basis

    $82,525

  • 10b · Land, buildings and equipment: accumulated depreciation

    $63,806

  • 10c · Land, buildings and equipment, net

    beginning of year $29,335 · end of year $18,719

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,772 · end of year $68,588

  • 19 · Deferred revenue

    beginning of year $67,458 · end of year $95,461

  • 25 · Other liabilities

    beginning of year $17,490 · end of year $11,542

  • 27 · Net assets without donor restrictions

    beginning of year $282,238 · end of year $186,697

Mission and programs · 2022

Mission

TO FOSTER ECONOMIC VIBRANCY BY CREATING, STRENGTHENING, AND RETAINING ECONOMIC BASE JOBS THAT ENHANCE THE QUALITY OF LIFE IN RIO RANCHO AND SANDOVAL COUNTY, NEW MEXICO.

  • ENHANCE AWARENESS OF RIO RANCHO AND SANDOVAL COUNTY, NEW MEXICO AS AN ATTRACTIVE COMMUNITY TO OPERATE, LIVE, AND WORK. CONTINUE TO ADMINISTER RECRUITING AND PUBLIC RELATIONS PROGRAMS THAT ATTRACT NEW COMPANIES AND RETAIN AND EXPAND EXISTING LOCAL COMPANIES. EFFORTS WERE ACCOMPLISHED THROUGH VARIOUS MARKETING MEANS INCLUDING TRADE SHOWS, DIRECT MAILINGS, AND THROUGH PROPOSALS AND SITE VISITS FOR COMPANIES CONSIDERING RELOCATON OR EXPLANSION WITHIN RIO RANCHO AND SANDOVAL COUNTY. ORGANIZATION GOALS ARE TO PROMOTE AND MAINTAIN A HEALTHY, VIBRANT, AND ACTIVE COMMUNITY BY SUPPORTING A BUSINESS FRIENDLY ENVIRONMENT THAT ALLOWS FOR CAREER ENHANCING, QUALITY ECONOMIC BASE COMPANIES TO THRIVE, TO ACTIVELY RECRUIT NEW ECONOMIC BASE COMPANIES TO THE REGION, TO HELP EXISTING COMPANIES GROW AND THRIVE, AND TO WORK WITH COMMUNITY LEADERS TO SUPPORT AN ENVIRONMENT OF ECONOMIC STABILITY, GROWTH AND EXCELLENCE.

    Expenses $12,713

As filed on the 2022 return.

Listed in Part VII

  • Fred Sheperd

    PRESIDENT AND CEO - CURRENT

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Ed Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Phil Casaus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dora Dominguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Melissa Gomez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Mario Cervantes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Burton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Mario Fernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jimmie Blotter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Geisel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Spangler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Franks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Skolnick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Novack

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Gary Housely

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Erin Johnson-Kruft

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Erika Edgerly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jr Allison

    BOARD CHAIR ELECT

    Total calculated
    $0
    Hours/week
    0.5

  • Gary Saiz

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Joe Sierra

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Pierce Runnels

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441379349301114

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